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StanCERA message from the Executive Director Regarding the Alameda Decision

In late July, the California State Supreme Court issued its decision in a case generally referred to as the “Alameda Decision”.  The case combined several outstanding issues brought by various labor associations around the State regarding the inclusion of certain types of pay elements in the calculation of final average salary.  Final average salary ultimately determines the size of a member’s retirement benefit and, the larger the final average salary, the larger the retirement benefit.  The issue at hand here is whether these pay elements should have been included in the calculation of final average salary at retirement for certain StanCERA members.

Continue Reading                       Resolution Regarding the “Alameda Decision 2020